Peter Fragiskatos, Member of Parliament for London North Centre, representing the Honorable Lawrence MacAulay, Minister of Agriculture and Agri-Food, announced a significant investment of up to $6,592,913 for Bioindustrial Innovation Canada (BIC). This funding is provided through the AgriScience Program – Clusters Component, which is a key initiative within the Sustainable Canadian Agricultural Partnership. The investment aims to support BIC's ongoing efforts in advancing bioindustrial technologies and sustainable agricultural practices, aligning with the broader goals of enhancing innovation and sustainability within Canada’s agricultural sector.

By investing in bioindustrial research and innovation, Canada can bolster its competitive edge, create new economic opportunities, and position itself as a global leader in sustainable technologies. This strategic approach will foster a vibrant bioeconomy, driving growth and development across various sectors while contributing to a cleaner, greener future.

The Bioproducts Cluster, spearheaded by BIC, is set to advance cutting-edge technologies that convert renewable resources, such as agricultural by-products, into valuable bioenergy, biofuels, and biomaterials, including ethanol and biodegradable plastics. The research initiative focuses on facilitating the shift to a renewable-based economy and lowering greenhouse gas emissions (GHGs). This will be accomplished through enhancing biomass production, innovating new bioproducts from Canadian crops, and transforming by-products into high-value bioproducts.

Lawrence MacAulay, Minister of Agriculture and Agri-Food highlighted the role of the Bioproducts Cluster, spearheaded by Bioindustrial Innovation Canada, in advancing green solutions that maximize resource use. He emphasized that the funding from this initiative will open up new revenue streams for farmers by turning agricultural by-products—typically wasted—into valuable products. This approach not only benefits farmers by enhancing their profitability but also represents a significant stride towards a more sustainable future for all Canadians.

Meaghan Seagrave, Executive Director of Bioindustrial Innovation Canada (BIC), expressed gratitude for the support from Agriculture and Agri-Food Canada (AAFC), which will aid in advancing emerging technologies beneficial to Canada and its farmers. She noted that Canada's agriculture sector holds significant potential for developing and commercializing bioproducts through green chemistry. By integrating agricultural feedstocks and bioproducts into various industry value chains, the Cluster aims to enhance agricultural opportunities and contribute to industrial decarbonization. The Cluster’s focus includes biochemicals, biomaterials, biofuels, and energy, alongside novel agricultural tools and practices, creating sustainable feedstocks and co-products that add value and support the reduction of carbon intensity across sectors.

Peter Fragiskatos, Member of Parliament for London North Centre, emphasized that the funding demonstrates a commitment to advancing technologies that will help reduce greenhouse gas emissions and enhance the value of Canadian agricultural products. He highlighted that this initiative not only strengthens the agricultural sector but also contributes to building a more sustainable and greener future for Canada.